House prices now over £200,000

Price of average house in UK is £201,090 according to latest figures from DCLG

The average house in the UK now costs more than £200,000 according to figures from the Department for Communities and Local Government.

On average, houses cost £201,090 in December up from £199,238 the previous month.

The government’s official housing index also showed that house prices rose 9.9% in December up from 8.8% in November. In London house price inflation shot up to 11.8% from November’s 9.9%.

The inflation rate in England rose from 7.8% in November to 8.9% in December; the inflation rate in Scotland rose from 13.4% to 15.2%; in Northern Ireland the rate rose from 37.2% to 39.9%. In Wales the rate fell from 10.2% to 9.1%.